This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
Louisiana Tech tuition and fees is dramatically lowered for residents of Louisiana. For in-state students, tuition and fees is set at $9,117 for the 2016 - 2017 year, 64.7% off the price charged to out-of-state students. Tuition is $6,401 and fees $2,716. Louisiana Tech out of state students paid $25,851 in fees and tuition in 2016 - 2017. $2,716 was charged for fees, and $23,135 was charged. The subsequent table outlines the costs described above for the 2016 - 2017 academic year.